The Effect of BI Interest Rate, Exchange Rate, and Inflation on The Indonesian Sharia Stock Index (ISSI)

The development of the capital market has experienced quite good growth in Indonesia, including Islamic market. existence a sharia with various investment instruments such as shares, sukuk, and mutual funds provides opportunities for those who wish to invest principles. instruments, especially continues show improvement. It is then supported by Indonesia Stock Exchange (IDX) issuing Indonesian Sharia Index (ISSI) which benchmark performance shares Indonesia. continued increase since it was published although fluctuations several periods. presumably due changes macroeconomic variables. Therefore, study aims analyze effect BI interest rate variable, exchange rate, inflation on period 2015 2020. uses quantitative methods, data analysis Error Correction Model (ECM) EViews version 9 application, ECM determine long-term short-term economic phenomena from interaction research results obtained that long term, variables have an influence while short term variable (ISSI). Whereas, no term.